gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
22ea45a7cd2de71c
Response Measures
None
Description
Plans to reopen are reported later but reopening of Leeds State Bank is not clearly confirmed in these articles.
Events (2)
1.July 6, 1929Run
Cause
Local Banks
Cause Details
Heavy withdrawals following failures/closures of other banks in the Birmingham district; contagion-run on deposits Saturday.
Newspaper Excerpt
following heavy run on its deposits Saturday
Source
newspapers
2.July 8, 1929Suspension
Cause
Government Action
Cause Details
State Banking Department took charge of the bank after the heavy run, effectively suspending normal operations.
Newspaper Excerpt
failed to open its doors today... affairs of the institution had been placed in the hands of the state banking department
Source
newspapers
Newspaper Articles (19)
1.July 8, 1929Merced Sun-StarMerced, CA
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Article Text
Fifth Alabama Bank Closes After Run
LEEDS, Ala., July Leeds State bank failed to open doors today. Officials announced the institution had been placed the hands of the state banking partment, following heavy run. The Leeds bank was the fifth close the Birmingham district within the past two weeks.
2.July 8, 1929Springfield Evening UnionSpringfield, MA
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Leeds State Bank in Alabama Closed
LEEDS. La., July The Leeds State Bank failed to open its doors today. announced that affairs of the institution had been placed in the hands of the State Banking Department a heavy run on Bank the fifth to close the last two weeks. B. Lindon is president the institution which talized at $25,000 and had surplus of similar amount
3.July 8, 1929Marshfield News-HeraldMarshfield, WI
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STATE BANK IN STATE OF ALABAMA CLOSES DOORS
Leeds, Ala., July Leeds State failed to open its doors today. Officials the affairs the had been placed in the hands of the state heavy run The Leeds bank was the fifth to close in the within the. past two weeks. B. Lindon president the which capitalized $25,000 and had surplus of similar amount.
4.July 8, 1929The Post-CrescentAppleton, WI
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BANK SHUTS DOORS IN
Leeds, Leeds State failed to open its doors today Officials the affairs of the institution had placed in the hands of the banking depart day. The bank the fifth close the Birmingham district within two weeks. don president the which was at and surplus of similar amount.
5.July 8, 1929The Miami NewsMiami, FL
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ANOTHER BANK IS SUSPENDED
LEEDS. Ala., July Leeds State failed to open doors today. Officials the institution placed hands of the state banking department following run its deposits Saturday The the fifth the Birmingham within the Lindon the which $25,000 had surplus of similar amount
6.July 8, 1929The Times-TribuneScranton, PA
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ALABAMA BANK FAILS TO OPEN DOORS
July 8 Leeds State bank failed to open its doors announced that the affairs of the institution been in the state department following run on deposits Saturday Leeds was the close district within the past two weeks
7.July 8, 1929Lancaster New EraLancaster, PA
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FIFTH ALABAMA BANK CLOSES
Department in Charge of Leeds Institution's Affairs
July Leeds State Bank failed open its doors today. Officials that the affairs of the placed in the hands of State Banking its deposits Saturday The bank the fifth closed the district within the Lindon the which capitalized $25,000 and had surplus of similar amount.
8.July 8, 1929Evening Herald CourierBristol, TN
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Article Text
LEEDS STATE BANK FAILS
The Leeds State Bank failed to open its doors today Officials nounced that the affairs of the institution had been placed in the hands of the state hanking depart ment following heavy run hank was th fifth to close in the Birmingham district within the past two weeks B. Lindon in president of the which was at $25,000 and had a surplus of similar amount.
9.July 8, 1929Deseret NewsSalt Lake City, UT
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Another Bank Fails To Open in Alabama
July The Leeds State bank failed open its doors today. Officials nounced that the the stitution placed the hands the state banking ment. following heavy run $25.-
10.July 8, 1929The Charlotte NewsCharlotte, NC
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Bank in Alabama Closes Its Doors
Leeds. Ala July 8.-(P)-The Leeds today State failed to open its doors Officials the affairs of the Institution had been placed in the hands State Banking Department following The Leeds the fifth District the past two Lindon is president of the was and had surplus of sim-
11.July 8, 1929The Richmond News LeaderRichmond, VA
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Leeds State Bank In Alabama Closes
Ala., July Leeds State failed to open its doors today. announced that the affairs the had been in the of the banking following its deposits Saturday The Leeds bank was the fifth close the Birmingham district within the past two Lindon president the capitalized and had surplus of simishirts
12.July 8, 1929Sun-JournalLewiston, ME
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Article Text
LEEDS STATE BANK CLOSED AFTER RUN LEEDS. July doors Leeds State Bank failed to open its Officials announced that the affairs institution had placed in the of the State banking department after heavy run its Saturday. The Leeds bank was the fifth close the Birmingham district last two Lindon the institution which $25,000 had surplus of similar amount.
13.July 8, 1929The RecordStockton, CA
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Leeds Bank Placed in Hands State Department
LEEDS Ala. July (Associated Press)-The Leeds State Bank failed to open its doors today Offi-
14.July 8, 1929Columbia Daily TribuneColumbia, MO
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Alabama Bank Is Fifth to Close
Leeds State Bank failed to open its today that the affairs the institution had placed the hands the banking Saturday The Leeds the fifth the within two weeks Lindon president the and surplus of similar amount.
15.July 8, 1929The Times RecordBrunswick, ME
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STATE BANK FAILS
Leeds, Ala., July Leeds State Bank failed to open its doors day. Officials that the fairs of the had been placed the hands of the deafter heavy run on its posits Saturday. The Leeds was the fifth to close in the district in the last weeks. B. Lindon president the institution which was capitalized $25,000 and had surplus of similar amount.
16.July 9, 1929The Grand Island IndependentGrand Island, NE
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ALABAMA BANKING NOW UNDER INVESTIGATION
Birmingham, Ala., July 9. (P)-The banking situation in the Birmingham district was under a three-way investigation by state and county officials Monday as fifth bank failed to open its doors. The Leeds State bank did not open for business Monday and its affairs were placed in the hands of the state
17.July 9, 1929The Idaho StatesmanBoise, ID
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ANOTHER ALABAMA BANK FAILS.
LEEDS, Ala. (P)-The Leeds State bank failed to open its doors Monday Officials announced that the affairs of the institution had been placed in the hands of the state banking department, following a heavy run on Saturday The Leeds bank was the fifth to close in the Birmingham district within the past two weeks.
18.July 11, 1929Two Rivers ReporterTwo Rivers, WI
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Article Text
Bank Fails to Open Its Doors LEEDS. Ala. Leeds State bank failed to open its doors Tuesday Officials announced the affairs of the institution had been placed the hands the state department following heavy run Saturday. The Leeds bank was the fifth to close in the Birmingham district within the past two weeks.
19.July 18, 1929The Sand Mountain BannerAlbertville, AL
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ONE OF CLOSED BANKS REOPEN IN BIRMINGHAM
Southside Bank Resumes Business Without Incident Monday
Birmingham, Ala., July Southside Bank, which closed its doors during heavy run on its by depositors, opened for business Monday. State bank who completed an audit of the bank's accounts last week, declared "solvent iting the confidence of the public." The reopening was without cident. Manor, president of the institution, said the hours of business were normal as the closing had merely been over the week end. Lassiter, president of the Avondale Bank Savings Company and the City Bank Trust Company, two the five financial institutions to close here early this month, issued his statement on the closings today which he asserted the belief depositors will paid in Lassiter turned from New York Thursday he made an effort to raise money for his banks and prevent their closing. He collapsed when informed the banks and since has been under the care of physicians. not try to run Lassiter said of his trip. went New York in an effort to raise to save the banks, but the money crash came too soon. My first purto the banks and to pose reopen this end will bend my every energy." Meanwhile plans were going forward to the Woodlawn reopen Savings Bank and Leeds State Bank, the other of five banks to close, with national charters.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.